Read the latest surveying industry news and keep up with developments within RICS.
Showing 1 - 21 of 21 results
16 Mar 2018
Tender prices rose sharply in the first half of 2017, but are expected to fall over the year to Q4 2018. This is against a background of new work output remaining static in 2018, and uncertainty about the effect of Brexit negotiations in the private commercial sector.
19 Mar 2018
The recently tendered contract for the £6.6m Feldon Valley Golf Club development in Banbury, Oxfordshire, consisted of a new hotel, clubhouse extension and refurbishment, and 4Nr 3-bedroom multi-occupancy lodges, together with external works. The project was submitted by Selway Joyce Partnership.
22 Mar 2018
From April 2018 the publication dates for the Price Adjustment Formulae Indices (PAFI), the General Building Cost Index (GBCI), and related series have been revised following a change to the release timetable for data from the Office for National Statistics (ONS).
15 Mar 2018
Inflation in resource costs for maintenance work has risen between 2% and 5%, however the picture is not the same across all trades.
The construction industry generates a wealth of valuable cost data on projects, but most of it is not systematically captured for re-use on future projects.
Resource cost increases for painters and decorators have pushed up rates for this work between 1% and 2% in the past year, while costs for contractors working on domestic extensions and the like have seen rates generally rise by between 2% and 5%.
21 Feb 2018
The BCIS Online featured project for February 2018, submitted by Gleeds, is the recently tendered £233,742,823 Specialist and critical care centre in Llanfrechfa, Cwmbran.
09 Jan 2018
The BCIS Location Indices have become increasingly volatile and BCIS regularly receives queries about the change in location indices for one region or another.
17 Jan 2018
The BCIS five-year forecast for the facilities management sector sees maintenance cost inflation rising by 2.3% to Q3 2018 and by a further 2.6% to Q1 2019. It is then forecast to rise by between 2.9% and 3.8% over the next three years.
19 Feb 2018
BCIS is receiving an increasing number of projects let on target cost contracts. There are now over 200 health projects let through Procure 21+ on the BCIS database, most of which were let on NEC target cost contracts.
11 Jan 2018
Tender prices have risen significantly in 2017 so far, but with output remaining unchanged in 2018, and with uncertainty about the effect of Brexit negotiations in the private commercial sector, tender prices are expected to fall in the year to 3rd quarter 2018, according to the latest BCIS five-year forecast.
22 Feb 2018
Tender prices for civil engineering work are expected to grow 29% over the next five years, rising faster than costs throughout the period as infrastructure construction output continues to grow.
Jeffrey Matsu, 09 Mar 2018
Harnessing the creative energy of tech savvy youth into productive careers in the built environment will help us deliver the industrial transformation that society urgently requires to tackle issues related to the economy, environment and social mobility.
10 Jan 2018
The £60.9 billion annual spend on building maintenance (current prices) makes a significant contribution to the economy, accounting for over 3% of GDP.
A new series of Output Price Indices (OPI) has been issued by the Office for National Statistics (ONS).
20 Feb 2018
Commercial construction output for 2017 as a whole shows quite strong growth of 5%. However, in the second half of 2017, output fell by 5% compared with the first half.
Private housebuilders' costs increased by 4.6% in the year to Q3 2017 in response to demand pressures on resources. They have been rising steadily since the beginning of 2014.
The proportion of projects submitted to BCIS that were let on design and build contracts rose from 28% to 58% over the past 10 years, reflecting the changes in procurement in the industry.
12 Feb 2018
The BCIS average prices section provides a statistical analysis of the costs of projects, which can be used to provide a budget for a project. The costs can be adjusted for location and date.
09 Feb 2018
The Tender Price Indices for 2017 have been revised. The latest recalculation shows that prices rose strongly throughout the year.
A recent court case highlights the importance of order of cost estimates to set reasonable budgets and elemental cost planning in ensuring that a design develops within budget.
© RICS 2018
© RICS 2018